Ally Financial (NYSE:ALLY) had its price target hoisted by stock analysts at Morgan Stanley from $30.00 to $32.00 in a report issued on Monday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 7.45% from the stock’s current price.

Other analysts have also issued reports about the company. Oppenheimer set a $33.00 price objective on Ally Financial and gave the company a “buy” rating in a research note on Wednesday, April 17th. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, April 11th. ValuEngine upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Barclays decreased their target price on Ally Financial from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. Finally, BTIG Research began coverage on Ally Financial in a research note on Thursday, January 24th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Ally Financial presently has an average rating of “Buy” and a consensus target price of $32.33.

Shares of NYSE:ALLY traded up $0.05 during midday trading on Monday, reaching $29.78. 33,691 shares of the company traded hands, compared to its average volume of 3,645,777. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.15 and a current ratio of 1.15. Ally Financial has a 12 month low of $20.60 and a 12 month high of $30.20. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.50 and a beta of 1.36.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Ally Financial had a return on equity of 11.01% and a net margin of 23.12%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the company posted $0.68 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities analysts predict that Ally Financial will post 3.62 EPS for the current fiscal year.

In other Ally Financial news, Director Michael F. Steib acquired 2,000 shares of the company’s stock in a transaction on Monday, February 11th. The stock was acquired at an average price of $26.47 per share, for a total transaction of $52,940.00. Following the acquisition, the director now owns 29,027 shares in the company, valued at approximately $768,344.69. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Jonathan Brown sold 97,311 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $27.01, for a total value of $2,628,370.11. Following the completion of the sale, the chief executive officer now owns 632,569 shares of the company’s stock, valued at approximately $17,085,688.69. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in shares of Ally Financial by 1,106.7% in the 3rd quarter. Renaissance Technologies LLC now owns 756,600 shares of the financial services provider’s stock valued at $20,012,000 after acquiring an additional 693,900 shares during the period. Macquarie Group Ltd. increased its stake in Ally Financial by 11.9% in the third quarter. Macquarie Group Ltd. now owns 86,200 shares of the financial services provider’s stock valued at $2,280,000 after purchasing an additional 9,200 shares during the period. Nordea Investment Management AB increased its stake in Ally Financial by 2.1% in the third quarter. Nordea Investment Management AB now owns 236,641 shares of the financial services provider’s stock valued at $6,259,000 after purchasing an additional 4,941 shares during the period. NorthCoast Asset Management LLC increased its stake in Ally Financial by 232.1% in the third quarter. NorthCoast Asset Management LLC now owns 263,935 shares of the financial services provider’s stock valued at $6,981,000 after purchasing an additional 184,462 shares during the period. Finally, Paradigm Asset Management Co. LLC increased its stake in Ally Financial by 175.2% in the third quarter. Paradigm Asset Management Co. LLC now owns 47,670 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 30,350 shares during the period.

Ally Financial Company Profile

Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Analyst Recommendations for Ally Financial (NYSE:ALLY)

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